Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 29,327, 12,345 total housing units (homes and apartments), and a median house value of $507,265, Northampton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Northampton, accounting for 45.91% of the city's housing units. Other types of housing that are prevalent in Northampton include large apartment complexes or high rise apartments ( 24.50%), duplexes, homes converted to apartments or other small apartment buildings ( 21.53%), and a few row houses and other attached homes ( 7.99%).
People in Northampton primarily live in small (one, two or no bedroom) single-family detached homes. Northampton has a mixture of owner-occupied and renter-occupied housing.
The housing in Northampton was primarily built before 1939 ( 41.71%), making the housing stock in Northampton some of the oldest overall in America, although there is a range of ages of homes in Northampton. The next most important housing age is between 1970-1999 ( 27.30%), followed by between 1940-1969 ( 21.46%). There's also some housing in Northampton built between 2000 and later ( 9.53%).
Real estate appreciation rates in Northampton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.75% during the period.
Over the last year, Northampton appreciation rates have trailed the rest of the nation. In the last twelve months, Northampton's appreciation rate has been 7.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northampton were at 2.85%, which equates to an annual appreciation rate of 11.91%.
Relative to Massachusetts, our data show that Northampton's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Northampton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Northampton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Northampton real estate investment or home purchase decisions.
$507,265
for Massachusetts
for nation
12,345
$2,050 / per month